R/€ = 17.10 Change: 0.03
R/$ = 14.06 Change: 0.14
Au 1834.85 $/oz Change: 42.84
Pt 1251.50 $/oz Change: 16.00


Global gold ETF holdings drop in the first quarter  

By: Tasneem Bulbulia     Updated 2 hours 24 minutes ago Gold exchange-traded fund (ETF) investors liquidated 175 t in the first quarter of this year, representing the largest level of net quarterly outflows since the fourth quarter of 2013, says financial markets, data and infrastructure provider Refinitiv Metals Research. It was also the second... 

Company offers engineered solutions for pump systems

By: Marleny Arnoldi     7th May 2021 Specifying pumps for mine water applications is not as simple as it would first appear, and these applications often require a bespoke solution, says original-equipment pumps manufacturer Weir Minerals Africa. Incorrect specification could result in poor performance, excessive operational and... 

New unit designed for efficiency

7th May 2021 Industrial products provider, BMG’s new NORD DuoDrive unit, an integrated geared unit that combines the recently launched NORD IE5+ synchronous motor and a single-stage helical gear unit in one compact housing, has been designed for optimum system efficiency.  

Pre-paid electricity consumption: the connection section

6th May 2021 Prepaid electricity consumption is a sensible option for many people, under a number of different circumstances: for the home or business owner, for the tenant, for the owner of an Airbnb property, for example. But how do you know what to look for when you first set out to share in the benefits... 

Prevailing low capacity use in manufacturing industry a worry for Seifsa

By: Donna Slater     6th May 2021 Persistent low levels of capacity use in the manufacturing sector and low demand for locally manufactured goods are “worrying” trends compounding the prevailing Covid-19 restrictions that are limiting operations at industrial plants, says the Steel and Engineering Industries Federation of... 

Metals and Engineering Indaba to explore how government is faring in restoring business confidence in South Africa

6th May 2021 The sixth Southern African Metals and Engineering Indaba will unpack the progress of President Cyril Ramaphosa’s “New Dawn”, exploring whether the sixth administration is succeeding in improving business confidence in South Africa. The Indaba, organised by the Steel and Engineering Industries... 

Energy specialist encourages mines to consider hybrid energy systems

By: Simone Liedtke     5th May 2021 Electrical energy solutions provider Senergy energy specialist Wilco de Villiers has encouraged miners to consider the value of implementing hybrid energy systems at their operations, as mines cannot function effectively without reliable energy supply. Speaking during this year’s Energy & Mines... 

IDC’s Montsheng Tsele appointed Kumba nonexec director

By: Simone Liedtke     3rd May 2021 JSE-listed Kumba Iron Ore has appointed Montsheng Tsele as nonexecutive director, with effect from April 30. Kumba is 63.4% owned by Anglo American, 13.1% by the Industrial Development Corporation (IDC) and 23.5% owned by minority shareholders. 

Clarity needed on potential double taxation of plastic bags under new EPR rules, says law firm

By: Schalk Burger     30th April 2021 Law firm Webber Wentzel says more clarity is needed about the impact of Extended Producer Responsibility (EPR) regulations on plastic bag producers, as plastic bags are already regulated under 2003 legislation, amended in 2021, and a levy was introduced in 2004. The EPR regulations apply only to... 

Patel unpacks employee share ownership schemes progress

By: Marleny Arnoldi     30th April 2021 Trade, Industry and Competition Minister Ebrahim Patel is drafting guidelines on employee ownership and other broad-based ownership schemes. He intends to publish, in the coming week, a practice note dealing with some clarifications around community trusts and individual ownership schemes.  

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